Hope for Greece – Measures Preventing the Failure of a State Cover Image
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Hoffnung für Griechenland – Maßnahmenpaket angesichts des drohenden Staatszerfalls
Hope for Greece – Measures Preventing the Failure of a State

Author(s): Heinz-Jürgen Axt
Subject(s): Politics / Political Sciences
Published by: Südosteuropa Gesellschaft e.V.

Summary/Abstract: There is hope for Greece – but only if a triple package of measures will be implemented: First of all, Greece’s debt level must be reduced. Measures have been taken by the partners of the Eurozone and foreign investors from the private sector. Greece will have to cut expenditure and even more increase income by an effective tax system. Secondly, Greece needs structural reforms urgently. The state which has all characteristics of an expansive kraken must be purified. The question has to be answered which political force will be able to ensure these reforms. What is on the agenda for Greece is similar to state building in third world countries. Finally, economic growth must be supported – but more efficiently than the financial assistance which Greece received from the European Union in the past. Greece has experienced a “Marshall Plan” since its entry to the EU. Quite a lot of money was directed to Greece from the structural and agricultural funds. But consumption was vitalized instead of investment. Lessons must be learned by the EU, too. All these measures are on the agenda – irrespectively whether Greece will remain inside the Eurozone or will leave it.

  • Issue Year: 2012
  • Issue No: 02
  • Page Range: 6-15
  • Page Count: 10
  • Language: German